FRANKLIN, Tenn.--(EON: Enhanced Online News)--Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today
announced that its wholly owned subsidiary CHS/Community Health Systems,
Inc. (the “Issuer”) has priced a tack-on offering (the “offering”) of
$900,000,000 aggregate principal amount of its 6.250% Senior Secured
Notes due 2023 (the “Additional Notes”) at an issue price of 101.75% of
their aggregate principal amount plus accrued interest from March 16,
2017. The size of the offering was increased by $200,000,000 aggregate
principal amount subsequent to the initial announcement of the offering.

The sale of the Additional Notes is expected to be consummated on or
about May 12, 2017, subject to customary closing conditions. The
offering is being made by means of an underwritten public offering
pursuant to an automatic shelf registration statement filed with the
Securities and Exchange Commission. The Company intends to use the net
proceeds of the offering to prepay and extinguish the Company’s Term A
Facility, to pay related fees and expenses and for general corporate
purposes, which may include the repayment of secured debt.

This press release is neither an offer to sell nor a solicitation of
an offer to buy any securities, nor shall there be any offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Such an offer can only be made
by delivery of a prospectus and prospectus supplement, if applicable,
that have been filed with the Securities and Exchange Commission.

About Community Health Systems, Inc.

Community Health Systems, Inc. is one of the largest publicly traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 146
hospitals in 21 states with an aggregate of approximately 24,000
licensed beds.

The Company’s headquarters are located in Franklin, Tennessee, a suburb
south of Nashville. Shares in Community Health Systems, Inc. are traded
on the New York Stock Exchange under the symbol “CYH.”

Forward-Looking Statements

Statements contained in this press release regarding the proposed
transactions and other events are forward-looking statements that
involve risk and uncertainties. Actual future events or results may
differ materially from these statements. Readers are referred to the
documents filed by Community Health Systems, Inc. with the Securities
and Exchange Commission, including the Company’s annual report on Form
10-K, current reports on Form 8-K and quarterly reports on Form 10-Q.
These filings identify important risk factors and other uncertainties
that could cause actual results to differ from those contained in the
forward-looking statements. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.

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